matthew4421

Hi I am looking to set up a business in Hong Kong but need some help with a few questions before I invest more time, effort and money if anyone could help or point me in the right direction that would be really helpful,

- Are there any restrictions to setting a business up, for example do shareholders/directors have to be HK residents, or at least one?

- Is there a min amount needed to invest?

- What are the visa restrictions coming over as a director?

- Is it possible to repatriate profit, and if so how much are the taxation rates of that profit?

Cheers
Matt

scot47

And also in South Africa, Australia, Canada and New Zealand at the same time ?

bakedbean

Hahaha, sounds like he's keeping his options open. I'm not in HK so unable to help out.

HK_KW

Hi Matt,
I am based in HK and have been assisting clients to establish their businesses here for the past seven years. Hope the below assists:

-The statutory requirements for establishing an entity in HK are straightforward and relatively simple. Directors/shareholders do not have to be residents in HK and it is still possible to use corporate entities, though this practice will be changing in 2014.

-There is currently no min amount required for investment, unless you are setting up a company in a industry that would require licenses such as in the asset management/advisory industry.

-There are a number of different visa you can apply for based on how the new company is set up. There are no restrictions for directors. Working visas it typically take 4-6 weeks to process.

-In 2011 HK and UK signed a Double Taxation Agreement, which states that withholding tax on dividends issued will be subject to a 0% taxation rate on repatriation.

Hope the above helps Matt. Please send me an email should require some further information about the set up.

Kind regards,
Kyle

matthew4421

Hi Baked Bean, what is Malaysia like for starting up a business?

bakedbean

Personally, I don't know. I'm retired here. However there's been a couple kf threads going in Malaysia forum about the subject, and one guy has set up in business. I'll try and find a link for you tomorrow, or come over to Malaysia section and take a look.

slk2281

Hi Matt,

If you also need a registered business address and/or future office space in Hong Kong do let me know how I can help?

Kind regards
Sally

bakedbean

If you want to check out Malaysia, there's a guy called Abdul who's started up a business. Look at this link here:
http://britishexpats.com/forum/showt...light=business

There's quite a few other threads... just do a Search within Malaysia for "business".

rachelrae

Hi Matt, what kind of business have you set up in South Africa, Australia, Canada and New Zealand?